Carsales.com (CRZ)

Automotive online classifieds business
carsales
.com has motored higher in the past eight sessions, although it is still down overall this year. The company has entered an agreement with
Webfirm Group
’s Adslot after a successful technology trial showed that increased advertising revenue was achievable. The deal follows the recent purchase of general classifieds website OZtion from Jumbuck. Last month, non-executive chairman Wal Pisciotta acquired almost 25,000 additional shares at $4.68 and chief executive Greg Roebuck sold about 80,000. In fiscal 2010 the company beat its prospectus forecast for earnings before interest, tax, depreciation and amortisation by 14 per cent. The stock is trading at a marginally lower price-earnings multiple than peers
REA Group
and
Seek
. Analysts are split between “buy" and “hold" recommendations, with an average target price of $5.44.